I tend to agree with the not discussing in detail with friends in a group setting. But it can be of benefit one on one to share if there is openness and willingness. You have to really judge the situation. I have shared many times, but have learned that it may be best to share an idea and then say to discuss with their financial advisor. People are more inclined to tell a financial advisor who is really just a stranger doing their job than sharing with a friend. It is kind of funny how that works but it is really tied to human emotions....how they might be judged etc.
I couldn't agree more. Versus the alternative of having to work, budgeting closely....I'm glad it turned out good through 50 years of savings and investing. I think this is a good place to share my comment about a bucket list. Ok, there are plenty of places that would be great to visit but I have zero regret if my life is over without crossing places off the list. What is important is that with all that we have literally been blessed with to have an up to date estate plan and remember to leave funds to those who will benefit and that does especially include grandkids. Since I am a planner with a calculator in hand, I do have some idea what future costs might be that our families will face. Leaving inheritance will be something that will make their lives far better. Sure they may not spend as we do, but at least there will be a benefit. And for those that say, that is a lot of money.are you sure you want to do that? Imagine what a home will cost grandkids in 30 years or the cost of education. I'm glad to assist to make their lives better and we have used our funds for everything we ever cared to buy etc. You never saw a Uhaul behind a hearse. We can't take our money with us.
It was a pretty dramatic change of events and various Talking Heads have given advice about what to do. Some people may need money in the very near future like an annual withdrawal required from an investment account; if the market continues to go down, which is likely; it can be better to take The known versus the unknown. Sell and await a change in the market fundamentals. It made me think good deal about parents who saved for college only to see their college funds substantially reduced, and their child going to college in a few months. Or even retirees living on a 401(k) with diminished value. They may need to make decisions that they few they can accept if the market volatility continues which for now is highly likely. Wall Street of course has a vested interest into NOT recommending going to cash but to hold the course. It is easy to say when it is not your money. I am most concerned about this earning season, which begins reporting next week and runs for at least 30 days. All CEOs will be coming out with reduced projected earnings for the full year and the effect they believe tariffs will have on their business. I can’t see how any of that news is positive for the market. And if the tariffs continue, which seems to be likely at least in the near term of several months, I think the second quarter earnings will be even more damaging and reduces the likelihood of a market recovery prior to mid summer. Higher Inflation and consumers that CLOSE their wallets is certainly going to be observed. For that reason alone, it may be best to sell and await a more investable market after second quarter earnings are reported. It is pretty apparent without MAJOR tariff reversals we are already in a bear market and recession. We just needs the official numbers after the passage of time. I will offer this advice. I would get back in the market only when the stock chart fundamentals warrant and what I call an investable chart. Example of that would be the five day moving average more than the 20 day the 20 day above the 50 day and both the 20 and 50 day possibly above the 200 day moving average. At this time, none of that exists. We are just saw the 200 day moving average start declining which it is likely to continue to do as lower closing prices now replacing higher closing prices of 200 days ago. A declining 200 day moving average in the s&P 500 is a classic definition of a bear market. I do agree with Professor Siegel who said this is the worst economic/tariff decision in 95 years. good luck to all of us since we will likely need a healthy dose of good fortune.
Comments
I tend to agree with the not discussing in detail with friends in a group setting. But it can be of benefit one on one to share if there is openness and willingness. You have to really judge the situation. I have shared many times, but have learned that it may be best to share an idea and then say to discuss with their financial advisor. People are more inclined to tell a financial advisor who is really just a stranger doing their job than sharing with a friend. It is kind of funny how that works but it is really tied to human emotions....how they might be judged etc.
Post: Discussing money matters with friends- a slippery slope
Link to comment from November 29, 2025
I couldn't agree more. Versus the alternative of having to work, budgeting closely....I'm glad it turned out good through 50 years of savings and investing. I think this is a good place to share my comment about a bucket list. Ok, there are plenty of places that would be great to visit but I have zero regret if my life is over without crossing places off the list. What is important is that with all that we have literally been blessed with to have an up to date estate plan and remember to leave funds to those who will benefit and that does especially include grandkids. Since I am a planner with a calculator in hand, I do have some idea what future costs might be that our families will face. Leaving inheritance will be something that will make their lives far better. Sure they may not spend as we do, but at least there will be a benefit. And for those that say, that is a lot of money.are you sure you want to do that? Imagine what a home will cost grandkids in 30 years or the cost of education. I'm glad to assist to make their lives better and we have used our funds for everything we ever cared to buy etc. You never saw a Uhaul behind a hearse. We can't take our money with us.
Post: You worked a lifetime, you achieved your goals, you have it all-the next day it hardly matters
Link to comment from November 29, 2025
It was a pretty dramatic change of events and various Talking Heads have given advice about what to do. Some people may need money in the very near future like an annual withdrawal required from an investment account; if the market continues to go down, which is likely; it can be better to take The known versus the unknown. Sell and await a change in the market fundamentals. It made me think good deal about parents who saved for college only to see their college funds substantially reduced, and their child going to college in a few months. Or even retirees living on a 401(k) with diminished value. They may need to make decisions that they few they can accept if the market volatility continues which for now is highly likely. Wall Street of course has a vested interest into NOT recommending going to cash but to hold the course. It is easy to say when it is not your money. I am most concerned about this earning season, which begins reporting next week and runs for at least 30 days. All CEOs will be coming out with reduced projected earnings for the full year and the effect they believe tariffs will have on their business. I can’t see how any of that news is positive for the market. And if the tariffs continue, which seems to be likely at least in the near term of several months, I think the second quarter earnings will be even more damaging and reduces the likelihood of a market recovery prior to mid summer. Higher Inflation and consumers that CLOSE their wallets is certainly going to be observed. For that reason alone, it may be best to sell and await a more investable market after second quarter earnings are reported. It is pretty apparent without MAJOR tariff reversals we are already in a bear market and recession. We just needs the official numbers after the passage of time. I will offer this advice. I would get back in the market only when the stock chart fundamentals warrant and what I call an investable chart. Example of that would be the five day moving average more than the 20 day the 20 day above the 50 day and both the 20 and 50 day possibly above the 200 day moving average. At this time, none of that exists. We are just saw the 200 day moving average start declining which it is likely to continue to do as lower closing prices now replacing higher closing prices of 200 days ago. A declining 200 day moving average in the s&P 500 is a classic definition of a bear market. I do agree with Professor Siegel who said this is the worst economic/tariff decision in 95 years. good luck to all of us since we will likely need a healthy dose of good fortune.
Post: Tariffs and our retirement assets
Link to comment from April 5, 2025